Brexit will not cause a ‘massive change’ in the used car market due to this car feature

USED car markets will not massively change after Brexit because of the way vehicles are built, according to a car sales expert.

Leaving the European Union will “have an impact” on the market but will not be as big a change as what the new market could experience according to the expert. He says this was purely down to the way cars were built for a UK market which means there is “little” cross border trade between the UK and other EU nations.

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Before car markets deal with the potential risk of Brexit, they must first come to terms with the cost caused by the coronavirus pandemic.

However, the economic damage caused by the cross as well as the uncertainty of Brexit could push more motorsts towards used car purchases.

Sean Kemple, Director at Close Brothers Motor Finance said: “We know that in times of economic hardship, buyers often shift from new to used cars in order to get their hands on a more affordable vehicle.

“As the nation slowly goes back to work, reticence towards using crowded public transport could boost demand for private cars in the second half of the year.”